Bayern Munich: "Every Euro we spend has previously already been earned" (Karl-Heinz Rummenigge)

"As before, FC Bayern boasts solid and sound commercial foundations. We remain true to our principle that every Euro we spend has previously already been earned," said Karl-Heinz Rummenigge, chairman of the supervisory board of FC Bayern Munich (Bundesliga), at the annual general meeting of the club on 27/11/2015.

"Our maxim reads: maximum sporting success alongside financial prudence," said Jan-Christian Dreesen, the deputy chairman and finance director of FC Bayern München AG. FC Bayern München AG is the commercial company which manages the professional football section of the German club. The Bavarian group achieved a turnover of €523.7m in the 2015 financial year (from 01/07/2014 to 30/06/2015), a slight decrease of €5m (-0.9 %) compared to 2014 (€528.7m).

The club, however, posted record profits: EBITDA (€111.3m, + 12.8%) before taxes (€31.4m, +21.2%) and net income (€23.8m, +44.2%). 2015 is the 23^rd consecutive fiscal year in which Bayern Munich posted a net profit.

Media rights of the Bundesliga: "This is a dramatic drawback" (Karl-Heinz Rummenigge)

• …